14-Liquidated Damages Form.pdf
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- Attached to
- Progressive Design-Build Services for Town of Palm Beach Mid-Town Seawall Replacement Project
- Solicitation number
- RFQ No.2026-020
- Issued by
- Palm Beach County, Florida
About this file
This is a Liquidated Damages Form from the Town of Palm Beach related to the Progressive Design-Build Services for the Town of Palm Beach Mid-Town Seawall Replacement Project in Florida. The project involves the design and construction of a new seawall approximately 2,700 linear feet along South Ocean Boulevard between Gulfstream Road and Royal Palm Way to replace the existing Mid-Town Seawall, which was originally constructed in the early 1900s. The Town will select a qualified Design-Build firm to deliver the project at a Guaranteed Maximum Price. A mandatory pre-proposal meeting and site visit is scheduled for March 31, 2026, at 10:00 AM EST at the Public Works Building, 951 Okeechobee Road, West Palm Beach, Florida, with an immediate follow-up site visit at the Worth Avenue Clock Tower, 423 South Ocean Boulevard, Palm Beach, Florida. Failure to attend this meeting will result in disqualification. Proposals must be submitted online through the EUNA Procurement platform.
The contractor and its surety will be liable to the Town for liquidated damages in the amount of 0.1% of the Guaranteed Maximum Price for each calendar day after the scheduled completion date, including any time extensions granted through approved written change orders. If the contractor is terminated for default prior to completion, liquidated damages will continue to accrue and be charged against the contractor until the work is completed. The contractor must acknowledge and confirm understanding and compliance with these liquidated damages terms as a condition of contract execution.
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Text version
TOWN OF PALM BEACH
Liquidated Damages Form
Contractor is aware of Town's requirement that the Work achieve timely Completion, time being of the essence. Town and Contractor recognize and hereby acknowledge the difficulty and uncertainty of computing the damages that would be realized by Town in the event the Completion is not timely achieved. It is therefore agreed by Town and Contractor, that the Contractor and the Contractor's surety, shall be liable to and shall pay Town liquidated damages in the amount 0.1% of the Guaranteed Maximum Price for each calendar day after the date on which Completion was to have been achieved (including any Time Extension in approved, written Change Order(s) until Completion of the Work is achieved. In the event Contractor is terminated by reason of default prior to Completion being achieved, any liquidated damages shall continue to accrue and be charged against Contractor until Completion is achieved.
I hereby confirm that our company understands and will comply with Liquidated Damages Term above:
Company Name: Name:
Date: Authorized Signature:
TOWN OF PALM BEACH – Liquidated Damages Form
| Company Name: |
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